ICO Closes Funding; Confirms G1 Launch Date

[Satellite Today – 4-8-08] ICO Global Communications (Holdings) Ltd. subsidiary ICO North America Inc. has closed on the funding of its $40 million working capital facility agreement, ICO announced April 7.
ICO also announced that the U.S. Federal Communications Commission April 2 granted the company’s request for a milestone extension to launch the G1 satellite by April 15 and certify the mobile satellite services systems operational by May 15.
The satellite was mated to its Atlas 5 launch vehicle, and final preparations are underway for a scheduled April 14 launch.